Technical Accounting Interview - Superday Example | GFC Technical Interview Series
Interested in working in a top tier investment bank? You have to go through difficult questions, especially technical ones! Here is an exclusive A+ level question made for you by the GoFurther team! Enjoy!
Question: Company X raises a $100mm note to buy $100mm of another company's revolver with 10% interest. Debt amortization is 15%, interest is 5% cash 7% PIK, all payable at the end of the year. Sold revolver at the end of the year for $120mm.
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